Platinum Equity Advisors, LLC
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Overview
Platinum Equity Advisors, LLC operates as an advisory company based in Beverly Hills, California. Platinum Equity Advisors, LLC handles $47.6 billion in total assets over 124 customer accounts, making it one of the largest financial advisory firms in the United States by assets under management (AUM). The company has a large group, including 153 financial advisors. Platinum Equity Advisors, LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets like options, stocks and bonds.
Platinum Equity Advisors, LLC manages all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which buy and sell judgments for the client's account are made by an investment advisor without requiring client permission. The advisory firm oversees about $384.2 million for every client account. The average financial advisor at Platinum Equity Advisors, LLC administers fewer than one client account, placing it among the most personalized financial advisor firms in the country.
The company's headquarters is at 360 North Crescent Drive, Beverly Hills, California 90210-2529. The firm is legally permitted to provide services to clients throughout a number of states, including California, Connecticut and Massachusetts.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Platinum Equity Advisors, LLC by the Numbers
$47.6 billion
219
124
$384.2 million
Fee Structure
Financial management fees typically vary depending on the type of services provided. However, fees billed by the firm can consist of any combination of the following fee structures: asset-based or performance-based. Platinum Equity Advisors, LLC does not supply a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to pooled investment vehicles. Out of its 124 accounts, Platinum Equity Advisors, LLC's biggest client type by number of accounts is pooled investment vehicles. Around 28% of its customers are from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Platinum Equity Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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